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Factors to Consider When Opting for a Pile Cropper

It is a pile cropper that s one of the important tools that you can have in a construction. And that is why f you are looking for one then you will have to look at some factors. Whenever it is you that will be looking at these factors then it will guide you find the right one for your needs.

The price of the pile cropper is one f the things that you should consider. See to it that you are able to consider the amount of money that you would want to spend based on the task that you want to get done. Hiring a pile cropper so what you will need to do if you want to save some money. If the project that you have is small or you want to get it done right away then hiring a pile cropper is the way to go. It is the quality of the pile cropper that you will need to look into instead of just focusing on the price alone. If it’s the best quality is what you are looking for then it is you that should be ready to spend more.

Whenever you are looking for a pile cropper then see to it that you will have it look at the size that it will have. You need to make sure that you will be going the one that has the right size to fit your needs. It is also important to choose the one that can fit in your storage area. Whenever it is choosing a pile cropper is what you are doing then look for the one that is not that heavy for easy carry.

Whenever you are looking for a pile cropper then make sure that you will also be looking at the weight that it will have. It is you that will find it hard to work with a pile cropper that is too heavy. The size of the pile cropper is the basis for the weight that it will have. And for this very reason, it is you that will have to look for the one that has the right size for your needs. It is the right size that you are able to find once you will be doing your research. Asking advice from experts is also great to know the perfect size for you.

Once you are also looking for a pile cropper then always look at the quality that it has. Once you are looking at quality pie cropper then they are the eons that can have a higher price tag but it is also the one that will be worth it in the end. A more efficient job is what you are able to get from a quality pile cropper.

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How and Why to Open a Bank Account in Hong Kong

Hong Kong today remains one of the best offshore banking jurisdictions. It offers a great combination of bank secrecy, corporate secrecy, a financially and politically stable environment, and strong banks. But perhaps most importantly, it’s a secure offshore investment haven for those who want to diversify out of sinking western currencies into booming Asian markets, and China in particular.

So how can you go about opening an offshore bank account in Hong Kong? Do you have to travel there? This article will answer these questions and give you some practical hints and tips. But first some background.

A Successful Free Market Experiment For East and West Alike

Hong Kong, in my opinion, is the only practical example in the world of a major city that has been developed from scratch and run as something of an offshore, free market experiment – first by the British, then by the Chinese.

The main Island (and later Kowloon and the New Territories, parts of the mainland) was a British colony for most of the nineteenth and twentieth centuries. During this time it grew from a fishing village and opium trading hub, into a city-state of seven million people. It became known as a free-wheeling, free market paradise for capitalists, with an economy characterized by low taxation, free trade and no government interference in business.

In 1997 the British returned sovereignty over Hong Kong to China. The former colony became one of China’s two Special Administrative Regions (SARs), the other being Macau. Many people were initially doubtful about one of the world’s capitalist bastions being run by a communist power, and at the time a lot of investors pulled out, many taking their dynamic business acumen heading to places like Singapore and Vancouver.

However, the “one country, two systems” model adopted by Beijing to coincide with free market reforms and the growth of China into an economic superpower has proven very successful. The Basic Law of Hong Kong, the equivalent of the constitution, stipulates that the SAR maintains a “high degree of autonomy” in all matters except foreign relations and defence. The SAR today operates as a major offshore finance center, discreetly oiling the wheels of commerce between East and West.

These days, rather than being put off by the Chinese influence, most international investors who are attracted to Hong Kong are coming precisely because of this Chinese connection. Hong Kong is the point of access to Chinese trade, without the legal and cultural difficulties of doing business in mainland China.

Those who do not trust their own governments are reassured by the fact that under the Basic Law, Hong Kong’s foreign relations are run from Beijing. While most offshore jurisdictions humbly submit to demands from the USA and other western countries, in the case of China, the relationship is definitely reversed. Hong Kong does have a number of Tax Information Exchange Agreements (see below) but these are sensibly policed and do not allow for fishing expeditions.

Offshore Banking in Hong Kong

The region’s population is 95 percent ethnic Chinese and 5 percent from other groups, but English is very widely spoken and is the main language in businesses like banking.

One thing I like about using Hong Kong for offshore bank accounts is the same argument I have used for Panama and Singapore: it’s a ‘real’ country with real trade going on. The Hong Kong dollar is the ninth most traded currency in the world. Compare this to doing business on a small island or other remote banking jurisdiction, where everybody knows your only reason for doing business there is offshore banking. It also means that there is no problem doing your banking in cash, if you so wish.

For now the HKD, the local dollar, still tracks very closely the US dollar, but this appears to be changing as the Chinese Yuan circulates freely in Hong Kong, both in cash and in bank deposits. We think this represents an excellent opportunity to diversify funds out of the US dollar now, gaining exposure to Chinese growth in the meantime. (Of course, you can also hold HKD in banks in other parts of the world too)

Bank accounts in Hong Kong are almost all multi-currency by default, allowing all major local and international currencies to be held under one account number and exchanged freely and instantly within the account at the click of a mouse.

There is no capital gains tax, no tax on bank interest or stock market investments, and no tax on offshore sourced income. This, combined with a welcoming attitude to non-resident clients in the banks (including US citizens by the way, who are generally unwelcome in traditional offshore banking havens like Switzerland), and strong cultural and legal respect for financial privacy, makes Hong Kong one of Asia’s best offshore banking jurisdictions.

For those who want to establish a small offshore account under reporting limits, or simply to have the bank account established in view of future business, Hong Kong is also attractive given the low minimum deposits demanded by the major banks there. The minimum bank account balance can be as low as HK$ 3,000. Of course, you can’t expect red carpet, VIP private banking at this level – but you get a perfectly good functioning bank account with all the technological trimmings.

Offshore Corporate Bank Accounts in Hong Kong – Do’s and Don’ts

Typically, offshore clients choose to open accounts using corporations, as opposed to personal accounts. This not only offers greater privacy, but also flexibility and can – depending of course on how things are structured – offer significant tax and asset protection advantages.

Accounts can easily be opened both for pure offshore companies like Panama, BVI, Nevis or Marshall Islands, or for local Hong Kong companies that are set up using nominee directors and shareholders.

When contacting local corporate service providers in Hong Kong, you’ll find that most of these corporate service providers will recommend you use a Hong Kong company to open the account. The reason they do this is that it’s simpler and more profitable for them. They can incorporate a local company at low cost, opening the bank account is smoother and faster with a local company, and they can carry on billing nominee director fees every year. But it may not be the right thing for you.

Whilst it is true that Hong Kong companies do not have to pay any tax provided they do not make any local source income, administering such a company is not so simple. For example, Hong Kong companies are required to file audited accounts every year. They must file pages and pages of documents to convince the Inland Revenue Department (HKIRD) that they don’t have any local business, and, from practical experience, the HKIRD is getting much stickier about this. Long-established companies are normally left unmolested but newly established companies can expect a lot of compliance work in their first few years. Again, this suits the Hong Kong corporate service providers who charge handsomely for such services.

Another factor to consider is Controlled Foreign Corporation (CFC) legislation in your home country. (For an explanation see Wikipedia ) Many clients choose to set up LLCs as they can be treated as passthrough entities, vastly simplifying reporting requirements in some countries like the USA. Hong Kong corporations are not LLCs and cannot be treated as passthroughs for tax purposes.

My advice – assuming you don’t intend to do any business in Hong Kong besides banking and perhaps the occasional trip to visit your money – would be to open the account in the name of a company from a foreign offshore tax haven. It’s a little more work and expense at the beginning, and the bank might ask you more questions, but it will save you a lot of money and headaches in the long term. If you want a local look and feel for your company, numerous virtual office services are available.

Hong Kong Tax Information Exchange Agreements

Contrary to what you will read on some out-of-date websites, Hong Kong has signed a number of Tax Information Exchange Agreements (TIEAs). However, the HKIRD is at pains to point out that fishing expeditions are not going to be tolerated.

The HKIRD has issued Practice Note 47, available on the internet, which usefully explains how the HKIRD seek to achieve a balance between the requirements of compliance with the OECD requirements, whilst providing checks and balances to protect the rights of businesspeople.

The HKIRD are professionals and should be well positioned to deal with TIEA requests properly and justly in accordance with the treaties and guidelines. I am confident not going to allow their ‘clients’ rights to be trampled on.

Regulation of Banks in Hong Kong

Hong Kong’s Banking Ordinance was revamped in 1986. It has since undergone several amendments to improve prudential supervision. The Hong Kong Monetary Authority (HKMA) was formed in 1993 as a one-stop financial regulator, responsible for everything from banks to stored value anonymous debit cards.

The SAR maintains a three-tier system of deposit-taking institutions, comprising licensed banks, restricted license banks, and deposit-taking companies. Only licensed banks may operate current and savings accounts, and accept deposits of any size and maturity. RLBs are only allowed to accept deposits of HK$500,000 and above, while DTCs are only permitted to accept deposits of a minimum of HK$100,000 with original maturity of not less than three months.

Both these latter categories provide an opportunity for overseas banks to conduct wholesale, investment or private banking activities in Hong Kong without having to jump through the hoops of applying for a full banking license. In addition, some foreign banks have chosen to open representative offices in Hong Kong, which are not allowed to take deposits but can assist in opening accounts at other offices within their groups.

As Hong Kong is an international financial centre, it is an explicit policy of the HKMA that the regulatory framework in Hong Kong should conform as much as possible with international standards, in particular those recommended by the Basel Committee.

Hong Kong’s five largest banks, in terms of total assets, are as follows:

– Hong Kong & Shanghai Banking Corporation (HSBC)

– Bank of China (Hong Kong)

– Hang Seng Bank Ltd

– Standard Chartered Bank

– Bank of East Asia Ltd.

A full list of updated Hong Kong banks can be found on Wikipedia.

Visiting Hong Kong to Open a Bank Account

If you are visiting Hong Kong to open your account, it can normally be opened the same day provided you have made some arrangements with a local service provider, or directly with the bank, in advance. This is assuming you use one of the major banks, that nearly everybody does. You can then simply visit the bank, sign documents and receive the bank account number immediately. This will be a full multi-currency account and you will typically receive a digital token for internet banking, a password and a debit card.

The documents required for opening offshore bank account are:

1) Formation documents (in the case of corporate accounts. Apostilles are required in the case of foreign corporate accounts – your offshore provider will know how to obtain these.)

2) Bank forms and business plan/expected activity (a corporate service provider will normally supply these as part of the service)

3) Passport copies of each director, signatory and shareholder (take special note of this requirement if you are using nominee directors – if the persons are not present, copies will have to be notarized.)

4) Proof of address (such as updated bill statement which shows up your name and address) and signed (of each director and shareholder)

A bank reference is generally required if you are dealing direct with the bank. If you go through a corporate service provider, they normally write a reference so you do not need to supply a bank reference. However, if you can obtain a bank reference it is better.

Opening an account without visiting Hong Kong

It is also perfectly possible to open accounts without visiting Hong Kong (known as ‘remote account opening’) though this process tends to take substantially longer as banks will ask a lot more questions. In this case, your bank or service provider will generally e-mail you the forms, that you will need to print out and sign.

Depending on the bank, there may well be certain special instructions about how and where to sign – for example, HSBC in Hong Kong will typically request that you have your signature witnessed in the HSBC Bank nearest to you. As with all foreign bank accounts, you should be sure to use the same signature that appears in your passport, otherwise the documents will be rejected.

In the case of remote account opening the bank will normally courier the password, debit card, and token direct to your address in your home country. Then you need to activate them via the bank’s website.

Conclusion

Hong Kong competes very favorably with Singapore, the other Asian banking jurisdiction we favor. If you have not yet diversified your offshore holdings into Asia, you should seriously consider doing so. I hope this article will be helpful in this regard.

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Improvements that Instantly Transform your Home

There comes a time when you want to change things up in your home. For most people, even though they would want to make simple improvements to their home, they are afraid because it is assumed that it is quite expensive and it takes a lot of work to complete such projects. However, that is not always the case because some improvements are actually quite affordable and simple. This article has some amazing tips that will go a long way as you make some upgrades in your home in a bid to transform it. These tips will make it easy to make great improvements to your home using simple tricks.
The first things that you should think about is repainting. When you repaint your home, it seems like you have a new home. When you paint the house yourself you will save a considerable amount of money which you can use in other projects. When repainting you can use that opportunity to change the colors in your home. If at all you do not want to paint yourself, you can look for a great painting company to take care of everything for you.
Also, changing the door to your home will significantly change the appearance of your home. Even though the door seems so small when compared to the size of the house, its appearance directly affects the aesthetic of the entire house. Therefore if you want to transforms your home in a big way using a simple trick then changing up your door would be great. If you are wondering how you can improve your door then you can start by changing its color, or design or installing a new door altogether, that makes a statement.
For an instant improvement of the aesthetic of your home, change the light fixtures. You do not have to spend a lot of money because you can get a great deal in shops that re-purpose light fixtures.
If you put new floors in your home you will significantly improve the appearance of your home. For example, if you have carpeted floors and you decide to strip the carpet and polish the hardwood floors underneath, the appearance of your home will significantly. Even though the cost implications are quite high, if you ever put your home on the market, the cost of the home will be high.
The last but not least improvement is changing the cabinets in the kitchen, laundry and bathroom. Changing the cabinets in your home makes the home look do new.
You can now confidently say that you know what tips to use when making simple improvements to your home.

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Facebook ad Strategies that will Give you Better Results

The world today needs that one to produce the best ways that they can be able to use for them to use to sell their products. The best marketing ad approach will mean that one will be able to create the best way to sell their products. You will have to gauge your target audience and see the type of people that you will intend to reach with the strategy. If you can know your target audience, then you will be able to know the best way that you can use to do so. You will note the best social media platform that you can use for you to be able to market the product that you have. This article will highlight some of the best Facebook ad tactics that you can use to give you better results.

The most appropriate strategy that you can use to improve your performance is through knowing your competitors. If you can come up with a good way to deal with your marketing needs if you will be able to know your competitors. If you can know the people that have the same product it will give you a better way that you can be able to market your products. A proper knowledge of your market and competitors will enable one to develop the right ways that you will be able to use to market your products on the various social media platforms. You should come up with other ways that will increase the way that you will use to deal with the competition that is around you. This will reduce the time testing and be able to get a more natural way that you can return your money.

The best way that one can use to increase the efficiency of the Facebook ad tactics is through trying different audience segments. There are different categories visit this website that ads are categories on and you can use the best way to advertise the products that you have. You can try a different audience category to see if you will increase the market of your product. Being comfortable will visit this website mean that one will not be able to come up with the best way where they will use to market their products. A good background check visit this website will mean that one can be able to come up with the best ways that they would use to attract the new market.

These visit this website are some of the Facebook ad tactics that will enhance your results when marketing your products.

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